Australia Artificial Intelligence In Diagnostics Market Size & Outlook
Australia artificial intelligence in diagnostics market, 2018-2030 (US$M)
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Australia artificial intelligence in diagnostics market highlights
- The Australia artificial intelligence in diagnostics market generated a revenue of USD 10.7 million in 2023 and is expected to reach USD 59.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 27.7% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Artificial intelligence in diagnostics market data book summary
| Market revenue in 2023 | USD 10.7 million |
| Market revenue in 2030 | USD 59.1 million |
| Growth rate | 27.7% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Siemens Healthineers AG ADR, Nano X Imaging Ltd Ordinary Shares, GE HealthCare Technologies Inc Common Stock, AliveCor, Riverain Technologies, Aidoc, NeuraSignal, Imagen Technologies, Digital Diagnostics, Vuno |
Other key industry trends
- In terms of revenue, Australia accounted for 0.9% of the global artificial intelligence in diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial intelligence in diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 494.2 million by 2030.
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Artificial Intelligence In Diagnostics Market Scope
Artificial Intelligence In Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia artificial intelligence in diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence in diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 48.6% in 2023. Horizon Databook has segmented the Australia artificial intelligence in diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia’s healthcare system is primarily managed by the government. Various factors such as ineffective coverage of treatment, long waiting duration for surgeries, and greater burden of chronic diseases in rural areas are among the major factors boosting the adoption of digital tools, such as AI, for better patient outcomes.
The COVID-19 pandemic and increase in investments by startups in healthcare AI have contributed to market growth. For instance, Maxwell Plus invested USD 3 million to offer a platform to optimize diagnostic imaging technologies.
The AI platform would allow physicians to manage clinical diagnostic applications, along with medical imaging solutions for prostate cancer, breast cancer, lung diseases, and neurodegenerative diseases.
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Our clientele includes a mix of artificial intelligence in diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia artificial intelligence in diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Australia artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia artificial intelligence in diagnostics market size, by component, 2018-2030 (US$M)
Australia Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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